To end two European Union antitrust probes, Amazon has pledged to treat third-party merchants fairly on its website.
(AP) LONDON — According to the European Union’s competition watchdog on Thursday, Amazon has pledged to treat third-party merchants fairly as part of a settlement agreement for two antitrust probes.
The European Commission, the main enforcer of antitrust laws for the 27-nation union, said it will now seek input on the promises made by the U.S. online retail behemoth from “interested parties.”
Concerns that Amazon was collecting data from retailers utilizing its platform to unfairly advantage them prompted the commission to open an investigation four years ago.
Additionally, a second investigation into whether Amazon favors its retail division and businesses that use its logistics and delivery network against other sellers has been initiated.
The inquiries are a part of the bloc’s broader initiatives to limit the influence of powerful technological giants.
Amazon stated that it disagrees with several of the commission’s findings and has “strong concerns” that new EU digital legislation is “unfairly targeting Amazon and a few other U.S. enterprises.”
Nevertheless, the corporation went on to say that it has “worked constructively with the commission to address their concerns and protect our capacity to serve European customers and the more than 185,000 European small and medium-sized enterprises selling through our stores.”
A penalty of up to 10% of Amazon’s yearly worldwide revenue, or billions of dollars, was a possibility.
Last week, the competition watchdog in Britain launched a similar investigation into Amazon to look into allegations that the online retailer is abusing its position of strength to undercut competitors.
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